German Finance Minister, Wolfgang Schauble, said the euro zone has overcome a lack of confidence and is working to boost growth, but emerging nations should take the lead in reviving the global ... more&nbsp

German Finance Minister, Wolfgang Schauble, said the euro zone has overcome a lack of confidence and is working to boost growth, but emerging nations should take the lead in reviving the global economy, in a seminar at New Delhi. Schauble, who is on a two-day India visit, to enhance bilateral economic relations, addressed a seminar entitled "Europe and India in the face of Globalisation" hosted by the Indian business group Federation of Indian Chambers of Commerce and Industry (FCCI) where he reassured India that the euro zone is not about to lurch into a fresh crisis. Asked about the impact of the Russia-Ukraine conflict, Schaeuble said whole of Europe has faced a lot of problems with Russia, but the most problems are faced by Russia itself. Europe would "deliver its fair contribution" to global growth, Schauble also said, while calling on emerging economies like India to make a bigger contribution. Later in the day, Schauble held a bilateral meeting with Indian counterpart, Arun Jaitley, in the capital. On Monday (January 19) Schauble also met Indian Prime Minster, Narendra Modi.
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